U.S. Concrete Announces 1Q20 Earnings

May 5, 2020 | U.S. Concrete

U.S. Concrete Announces First Quarter 2020 Results

EULESS, Texas, May 5, 2020 -- U.S. Concrete, Inc. (NASDAQ: USCR), a leading producer of construction materials in select major markets across the United States, today reported results for the quarter ended March 31, 2020.


  • Consolidated revenue increased 0.4% to $334.4 million
  • Ready-mixed concrete revenue increased 0.6% to $292.2 million
  • Aggregate products revenue increased 1.6% to $43.6 million
  • Aggregate products sales volume increased 5.4% to 2.6 million tons
  • Net loss was $2.8 million compared to $2.6 million
  • Total Adjusted EBITDA(2) was $34.2 million compared to $34.5 million
  • Net cash provided by operating activities more than doubled to $44.0 million
  • Adjusted Free Cash Flow(2) more than doubled to $36.9 million
  • Available liquidity of $152.6 million as of March 31, 2020, which does not include the additional $180 million of available liquidity from the delayed draw term loan credit facility entered into on April 17, 2020

Read the full release here >>

(1)Certain computations within this press release may reflect rounding adjustments.

(2)Total Adjusted EBITDA, Adjusted Free Cash Flow and related margins are non-GAAP financial measures. Please refer to the reconciliations and other information at the end of this press release.


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